What is the cheapest Caribbean country to live in?

What are the cheapest places to live in the Caribbean? Saint Kitts and Nevis, Grenada, Saint Lucia, Dominica, Dominican Republic, and Jamaica are a few of the budget-conscious places in the Caribbean. To find out more, check our guide on the Cost of Living in St Kitts and Nevis.



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?ountries in the Caribbean with the lowest cost of living are Haiti and the Dominican Republic — estimated monthly costs of one person in these states are lower than $500, excluding rent. However, these ones are usually not the first choice regarding relocation.

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Grenada is considered to be one of the safest Caribbean countries. It is a perfect place to relocate with a family and enjoy white sand beaches. Grenada offers a CBI program. One of the options is to buy real estate for $220,000 or more.

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The most dangerous Caribbean islands. On the basis of crime rates, some of the least safe Caribbean Islands to visit include Puerto Rico, Haiti, Trinidad and Tobago. As we noted though, most crime in the Caribbean is an internal problem and is linked to inner-city areas well away from tourist resorts.

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Aruba. When travelers think of safe islands to visit during hurricane season, the “ABC Islands” of Aruba, Bonaire and Curacao often come to mind.

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Considered the most expensive Caribbean island to stay in, Musha Cay in the Bahamas is a 100-acre secluded spot where you'll be provided with everything you want. This magical Caribbean island is owned by the magician David Copperfield.

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In the Cayman Islands, there is no property tax, personal income tax, corporate income tax, capital gains tax, VAT, or payroll tax. In addition, there is no withholding tax on dividends, interest, royalties, or fees for technical services. In the Cayman Islands, gift tax and capital gains tax also do not apply.

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Caribbean property prices The range of objects is expansive; from apartments to luxury villas. For example, in Antigua, prices range from $250,000 for a two-bedroom townhouse in Jolly Harbor on the west coast and up to $10-25 million for a seaside home in nearby Pierce Point.

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As the Caribbean islands are generally quite small, there are a limited number of entertainment options, such as restaurants, bars, clubs, and theaters. Individuals may also find the activities available a bit repetitive, as life on the islands tends to revolve around typical island activities.

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What month should you avoid in the Caribbean? Due to the risk of hurricanes, September and October are the months when it is wise to avoid the Caribbean.

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St. Barts is one of the most beautiful and safest islands in the Caribbean. The pleasing backdrop has made it a favorite for luxurious resorts and vacation experiences, leading it to be considered a playground for the rich and famous.

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Montserrat. Nicknamed “The Emerald Isle of the Caribbean” both for its terrain and the heritage of its inhabitants, Montserrat is a British territory in the Leeward Islands and it is considered to be the safest island in the Caribbean, with its last recorded murder occurring in 2008.

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Places to avoid in Barbados The State Department has some insight to offer in this regard, too. They recommend avoiding Bridgetown (specifically Nelson Street and Wellington Street), and Crab Hill.

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Our Top Picks for Best Places To Visit in the Caribbean
  • British Virgin Islands — Best beaches in the Caribbean.
  • Saint Lucia — Best all-inclusive resorts.
  • Rincón, Puerto Rico — Best for nature lovers.
  • Santo Domingo, DR — Best nightlife in the Caribbean.
  • Belize — Best for romantic vacations.


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An Eastern Caribbean cruise is better for first timers and repeat cruisers who can cruise for a week or longer. It's also the better bet for shopping enthusiasts and beach connoisseurs.

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With a GDP per capita of $91,392, the Cayman Islands has the highest standard of living in the Caribbean, and one of the highest in the world. Immigrants from over 130 countries and territories reside in the Cayman Islands.

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